{"id":363534,"date":"2026-09-29T18:31:17","date_gmt":"2026-09-29T23:31:17","guid":{"rendered":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/casino-mogul-and-former-trump-secretary-join-forces-to-take-on-nycs-pied-a-terre-tax"},"modified":"2026-09-29T18:31:20","modified_gmt":"2026-09-29T23:31:20","slug":"casino-mogul-and-former-trump-secretary-join-forces-to-take-on-nycs-pied-a-terre-tax","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/casino-mogul-and-former-trump-secretary-join-forces-to-take-on-nycs-pied-a-terre-tax","title":{"rendered":"On line casino mogul and former Trump secretary be part of forces to tackle NYC&#8217;s pied-\u00e0-terre tax"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-testid=\"prism-article-body\">\n<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \"><span class=\"oyrPY qlwaB AGxeB \">NEW YORK &#8212; <\/span>New York City&#8217;s tax on luxury second homes has its latest <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/apnews.com\/article\/zohran-mamdani-nyc-tax-piedaterre-718228eeb9307fbf427f5762ca80355a\">moneyed opposition<\/a>: casino mogul Steve Wynn and former Trump administration secretary Wilbur Ross.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The pair of wealthy part-time New Yorkers sued the state on Monday over the so-called pied-\u00e0-terre tax, arguing the surcharge is unconstitutional because it discriminates against people who don&#8217;t primarily live in the state. <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">According to the case, both men are residents of Florida but are staring down massive bills under the <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/apnews.com\/article\/mamdani-nyc-hochul-tax-rich-a30833850bfdbd638634def266ca76dd\">tax<\/a>, which is meant to raise revenue from wealthy people who own ritzy pads in the Big Apple but don&#8217;t pay local income taxes because they live most of the year elsewhere. <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Ross, an investor who was commerce secretary during President Donald Trump&#8217;s first term, could be on the hook for more than $83,000 for his co-op in Manhattan. And Wynn, developer of a luxury casino empire, is facing a possible charge of over $183,000 for his place in the city. <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The lawsuit, which was filed against the state in a court on Long Island, also argues that people who own pied-\u00e0-terres already fork over serious coin on property tax here and, because they are wealthy, make major contributions to the city&#8217;s charitable and cultural institutions \u201cfor the benefit of all New Yorkers.\u201d <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">In a statement, a spokesperson for Gov. Kathy Hochul said \u201cWhen Steve Wynn and Wilbur Ross try to cast themselves as sympathetic figures in a fight over paying their fair share on multimillion-dollar second homes, they\u2019re making the case for the pied-\u00e0-terre tax as well as anyone could.&#8221;<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Getting the surcharge into state law was a <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/apnews.com\/article\/mamdani-hochul-tax-nyc-budget-3a99ee62adb00e56987dea1d338cb2ee\">major boon<\/a> for New York City Mayor Zohran Mamdani in his quest to raise taxes on the rich to help pay for his progressive agenda in the city. But implementing it has so far been a bumpy ride. <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The city is already facing an earlier lawsuit over its rollout of the tax from a group of homeowners who contend that City Hall didn&#8217;t do enough to determine who would pay the tax and instead put the onus on homeowners to figure it out. <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">A judge on Tuesday ruled against the city and ordered officials to restart the process with a little more due diligence. The city plans to ask the court to pause the ruling while it continues to fight the case through the appeals process. <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">\u201cToday\u2019s decision is wrong, and we will invoke a stay of the injunction. With a stay, we will continue implementing the surcharge fairly, efficiently and in full compliance with the law, as we have since day one,&#8221; said Matt Rauschenbach, a spokesperson for the mayor. <\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The tax is expected to bring $500 million to the city annually by slapping a new surcharge on one-, two- and three-family homes valued at more than $5 million, as well as condos and co-ops valued at $1 million or more, if those dwellings are not a person\u2019s primary residence.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN \">It would only apply to second homes in New York City, not any of the state&#8217;s other wealthy enclaves, like the Hamptons on Long Island, where Ross also owns a home, according to his lawsuit. <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/abcnews.com\/US\/wireStory\/casino-mogul-former-trump-secretary-join-forces-nycs-136872280\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK &#8212; New York City&#8217;s tax on luxury second homes has its latest moneyed opposition: casino mogul Steve Wynn and former Trump administration secretary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":363537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3,8133,7681,38831,609,1679,38833,38832,38830,4914,38834],"class_list":["post-363534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-florida","tag-kathy-hochul","tag-lengthy-island","tag-matt-rauschenbach","tag-president","tag-spokesperson","tag-spokesperson-for-gov-kathy-hochul","tag-spokesperson-for-the-mayor","tag-steve-wynn","tag-trump-administration","tag-wilbur-ross"],"_links":{"self":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/363534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/comments?post=363534"}],"version-history":[{"count":2,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/363534\/revisions"}],"predecessor-version":[{"id":363536,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/363534\/revisions\/363536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media\/363537"}],"wp:attachment":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media?parent=363534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/categories?post=363534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/tags?post=363534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}